AMAZON IS CUTTING ABOUT 14,000 CORPORATE JOBS AS THE ONLINE RETAIL GIANT RAMPS UP SPENDING ON ARTIFICIAL INTELLIGENCE WHILE CUTTING COSTS ELSEWHERE.

IN A MEMO, THE SVP OF PEOPLE EXPERIENCE AND TECHNOLOGY AT AMAZON SAID THE REDUCTIONS ARE A CONTINUATION OF "REDUCING BUREAUCRACY, REMOVING LAYERS, AND SHIFTING RESOURCES."

SHE ADDED MOST WORKERS WILL BE GIVEN 90 DAYS TO LOOK FOR A NEW POSITION INTERNALLY.

IN JUNE, CEO ANDY JASSY SAID THAT AMAZON HAD MORE THAN 1,000 GENERATIVE AI SERVICES AND APPLICATIONS IN PROGRESS OR BUILT, BUT THAT FIGURE WAS A “SMALL FRACTION” OF WHAT IT PLANS TO BUILD.

THE COMPANY HAS ALREADY ANNOUNCED PLANS TO INVEST $10 BILLION TO BUILDING A CAMPUS IN NORTH CAROLINA TO EXPAND ITS CLOUD COMPUTING AND AI INFRASTRUCTURE.

AMAZON HAS ABOUT 350,000 CORPORATE EMPLOYEES AND A TOTAL WORKFORCE OF APPROXIMATELY 1.56 MILLION PEOPLE.

THE CUTS ANNOUNCED TUESDAY AMOUNT TO ABOUT A 4% REDUCTION IN ITS CORPORATE WORKFORCE.